LankaBangla Finance Limited (LBFL) has indeed, completed another successful year of its journey towards its goal by way of stretching maximum and achieving its best. Figures of December-end-2010 speak for themselves the steady growth in its fundamental indicators over the past few years. Table below shows the comparatives figures:
Consolidated Financial Highlights:
| |
2008 |
2009 |
2010 |
2011 |
2012 |
Growth of 2012 over 2011 |
5 Year CAGR (%)/Average* |
| Total Assets |
8,108.87 |
13,435.00 |
19,322.24 |
22,380.00 |
25,336.57 |
13.21% |
32.95% |
| Total Liabilities |
7,186.40 |
11,335.07 |
14,532.20 |
16,659.83 |
18,862.61 |
13.22% |
27.28% |
| Business Disbursement |
3,258.97 |
4,689.28 |
4,275.50 |
4,443.70 |
6,369.79 |
43.34% |
18.24% |
| Property Plant and Equipment |
85.30 |
92.46 |
195.00 |
189.06 |
238.13 |
25.96% |
29.26% |
| Current Assets |
5,554.92 |
8,839.66 |
8,985.65 |
9,345.29 |
19,887.03 |
112.80% |
37.55% |
| Current Liabilities |
4,793.27 |
7,394.94 |
7,869.65 |
8,945.25 |
10,804.71 |
20.79% |
22.53% |
| Net current assets |
761.65 |
1,444.72 |
1,116.00 |
400.04 |
9,082.32 |
2170.35% |
85.83% |
| Non Current Assets |
2,553.95 |
4,595.93 |
10,336.59 |
13,034.71 |
5,449.54 |
-58.19% |
20.86% |
| Long Term Liabilities |
2,393.12 |
3,940.13 |
6,662.55 |
7,714.58 |
8,057.90 |
4.45% |
35.46% |
| Term Deposits |
2,627.30 |
4,432.90 |
4,560.00 |
5,309.62 |
7,615.92 |
43.44% |
30.48% |
| Total Investment Portfolio |
6,869.63 |
10,699.17 |
15,064.57 |
18,703.35 |
21,851.25 |
16.83% |
33.55% |
| Operational Performance |
|
|
|
|
|
|
|
| Operating Revenue |
1,542.18 |
2,427.07 |
4,176.11 |
3,410.33 |
3,537.43 |
3.73% |
23.07% |
| Operating Expenses |
1,069.97 |
1,362.38 |
1,513.72 |
2,023.40 |
3,298.18 |
63.00% |
32.50% |
| Financial Expenses |
707.16 |
936.61 |
1,016.08 |
1,396.57 |
2,147.52 |
53.77% |
32.01% |
| Net Profit Before Tax |
472.21 |
908.07 |
2,331.10 |
1,304.04 |
510.31 |
-60.87% |
1.96% |
| Net Profit After Tax |
377.64 |
744.08 |
1,700.15 |
791.1 |
326.30 |
-58.75% |
-3.59% |
| Turnover of Share Trading by LBSL |
127,605.37 |
242,210.58 |
560,366.03 |
229,161.62 |
135,335.25 |
-40.94% |
1.48% |
| Financial Ratios |
|
|
|
|
|
|
|
| Gross Profit Ratio |
30.62% |
43.87% |
63.75% |
40.67% |
6.76% |
-83.37% |
23.72% |
| Cash reserve ratio/ liquidity asset ratio (Required 2.5%) |
3.69% |
4.21% |
5.68% |
4.76% |
2.79% |
-41.41% |
3.77% |
| Statutory Liquidity Reserve (Required 5%) |
21.37% |
8.74% |
18.03% |
11.05% |
8.23% |
-25.53% |
9.64% |
| Capital Adequacy Ratio (2011: Test Run. Effct. From 2012) |
- |
- |
- |
10.32% |
19.64% |
90.31% |
14.98% |
| Gross Non performing assets to gross advances/Non performing loans (assets) to total loans (assets) |
6.13% |
5.38% |
7.90% |
6.51% |
3.93% |
-39.63% |
5.97% |
| Cost to Income Ratio |
75.76% |
62.59% |
44.18% |
61.76% |
85.57% |
38.56% |
65.97% |
| Current Ratio |
1.16 |
1.2 |
1.14 |
1.04 |
1.84 |
76.98% |
1.28 |
| Debt Equity Ratio |
7.79 |
5.4 |
3.03 |
2.92 |
2.91 |
-0.22% |
4.41 |
| Financial Expense Coverage Ratio |
1.53 |
1.79 |
2.67 |
1.57 |
1.15 |
-26.63% |
1.74 |
| Return on Equity (%) |
40.94% |
35.42% |
35.49% |
13.83% |
5.04% |
-63.56% |
26.14% |
| Return on Assets (%) |
4.66% |
5.54% |
8.80% |
3.53% |
1.29% |
-63.52% |
4.76% |
| Equity Parameters |
|
|
|
|
|
|
|
| Authorized Capital |
1,000.00 |
1,000.00 |
1,000.00 |
3,000.00 |
3,000.00 |
0.00% |
31.61% |
| Paid-up Capital |
385 |
442.75 |
531.3 |
823.52 |
1,894.08 |
130.00% |
48.93% |
| Shareholders' Equity |
922.48 |
2,100.53 |
4,790.04 |
5,720.17 |
6,473.96 |
13.18% |
62.76% |
| No. of Share Outstanding |
38.50 |
44.28 |
53.13 |
82.35 |
189.41 |
130.00% |
48.93% |
| Net Asset Value (NAV) Per Share* |
4.87 |
11.09 |
25.29 |
30.2 |
34.18 |
13.18% |
62.76% |
| Earnings Per Share (EPS)* |
1.99 |
3.93 |
8.98 |
4.51 |
1.77 |
-60.75% |
-2.89% |
| Market Price Per Share (Closing) |
196.6 |
313.8 |
497.9 |
170.2 |
59 |
-65.33% |
-25.99% |
| Price Earnings Ratio (Times) |
20.04 |
22.41 |
15.56 |
17.72 |
33.39 |
88.45% |
21.82 |
| Dividend Payment (C-cash & B- bonus) |
15% B |
20% B |
55% B |
30% B |
10% B |
-66.67% |
32.00% |
| 15% C |
15% C |
- |
- |
- |
- |
| Dividend Payout Ratio (%) |
69.45% |
44.15% |
72.49% |
52.94% |
15.33% |
-71.05% |
-31.46% |
| Dividend Coverage (Times) |
1.44 |
2.27 |
1.38 |
1.89 |
6.52 |
245.19% |
45.89% |
| Dividend Yield (%) * |
1.53% |
1.12% |
1.10% |
1.76% |
1.69% |
-3.70% |
1.44% |
| Profit Per Employee (mn) |
1.29 |
2.44 |
5.30 |
2.23 |
0.77 |
-65.55% |
2.41 |
| * Historical Figures have been restated |
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